100% More Than Neighborhood Average
Clayton does not have a lack of beautiful homes and this one falls in the nicer category. It’s in the Oakhurst Peacock Creek area, 5 beds, 5 baths, 4,100 square feet, all the upgrades with wonderful views of our rolling hills. Here’s the challenge though: the neighborhood average home value (these days) is around $1.1 Million, and this one is listed for $2.15 Million. It may even be the nicest home in the neighborhood, but in this market I am concerned about their ability to find a buyer willing to pay double than the value of their neighbors’ home. You are essentially getting the same view, street, neighborhood, lot size and construction type as the guy next door, but paying twice as much in property tax and mortgage payment. I’ll watch this one closely for you, but I’m predicting one of the larger price drops for the area…